The Business Times, 25 July 2013

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, July 25, 2013
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  • Article, Illustration
    Lock icon Banks get a peek into customers’ whims and needs
    899 1  -  Big Data analytics provides unprecedented insights, prompts change By AMIT ROY CHOUDHURY [SINGAPORE] How often should cash at ATMs be replenished? Which products should specific customers be offered? Thanks to Big Data analytics, Singapore-based banks are taking the guesswork out of
    FILE PHOTO  -  899 words
  • Article
    Lock icon Property cooling measures give foreign buyers cold feet
    930 1  -  By KALPANA RASHIWALA [SINGAPORE] Singapore permanent residents (PRs) and other foreigners are buying fewer private homes. The number slipped for the second consecutive quarter in Q2 2013, according to a caveats analysis by DTZ. Conversely, the number of private residential properties purchased
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,274.76 (+21.00) GST INDEX FUTURES 3,271.00 (+21.00) GSIMSCI 373.24 (+2.73) GSIMSCI FUTURES 373.40 (+4.00) US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.537 1.947 EURO (US$/S$/€ 1.324 1.677 Foreign currency per US$ S$ YEN 99.90 78.90 RM 3.187 2.516 HK$ 7.757 6.124 BAHT 30.97 24.45 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,810.00 +4.69 NIKKEI 225 14,731.28 -47.23 HANG SENG 21,968.93 +53.51 SET INDEX 1,501.36 -11.95 JAKARTA COMP 4,718.10 -49.06 MANILA COMP 6,804.16 +60.95 SEOUL COMP 1,912.08 +7.93 SHENZHEN B 773.81 -4.47 MUMBAI IND 20,090.68 -211.45 12noon EDT Change DOW 15,550.92 -16.82 NASDAQ 3,592.93 +13.66
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.243 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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      215 1 COMPANIES SPH Reit off to healthy start PAGE 5 OPINION Asia needs to be deeply involved in Africa vision PAGE 20 WORLD TOILET DAY S’pore tables UN resolution on better sanitation worldwide GOVERNANCE Institutional investors and their role PAGE 10 PAGE 13 Big Data helps banks better manage risks, Page
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      3 1 8 *****1 *****4
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Banks get a peek into customers’ needs
        44 2 HOW often should cash at ATMs be replenished? Which products should specific customers be offered? Thanks to Big Data analytics, Singapore-based banks are taking the guesswork out of such questions, while gaining deeper insights into customer preferences.
        44 words
      • Article
        Lock icon Cooling measures lead to cold feet
        33 2 SINGAPORE permanent residents and other foreigners are buying fewer private homes. The number has slipped for a second consecutive quarter, according to a caveats analysis by DTZ.
        33 words
      • Article
        Lock icon Abe visit to focus on high-tech tie-ups
        39 2 JOINT ventures with Singapore and Malaysia in supplying “smart” infrastructure systems throughout Asia will be high on Japanese Prime Minister Shinzo Abe’s agenda during a three-day visit to South-east Asia beginning today.
        39 words
      • Article
        Lock icon CPIB officer charged with corruption
        46 2 AN assistant director at the Corrupt Practices Investigation Bureau was charged yesterday with 21 criminal counts in relation to his alleged misappropriating of more than $1.76 million in public funds and blowing part of that at the Marina Bay Sands casino.
        46 words
      • Article
        Lock icon SPH Reit off to healthy start
        32 2 SPH Reit ended its trading debut on a high note, gaining 9.4 per cent from its initial public offering price to close at 98.5 cents yesterday.
        32 words
      • Article
        Lock icon UN marks Nov 19 as World Toilet Day
        43 2 SINGAPORE has taken its penchant for hygiene and cleanliness to a whole new level. Yesterday, the city-state tabled its first-ever United Nations resolution, calling for better sanitation worldwide with a focus on improving toilet facilities.
        43 words
      • Article
        Lock icon China's pain could last until H2 2014
        32 2 CHINA faces an uphill economic struggle for at least another 12 months as the manufacturing sector goes through some pain amid structural reform, observers said.
        32 words
      • Article
        Lock icon Expectations up for September tapering
        25 2 THE Federal Reserve will trim its monthly bond-buying to US$65 billion from the current pace of US$85 billion, say economists.
        25 words
    • Article, Illustration
      Lock icon Abe visit to focus on high-tech tie-ups
      658 2  -  Tokyo keen to supply ‘smart’ infrastructure systems throughout Asia through JVs By ANTHONY ROWLEY in Tokyo JOINT ventures (JVs) with Singapore and Malaysia in supplying “smart” infrastructure systems throughout Asia will be high on Japanese Prime Minister Shinzo Abe’s agenda during a three-day
      PHOTO: REUTERS  -  658 words
    • Article
      Lock icon Big Data helps banks better manage risks
      442 2  -  By AMIT ROY CHOUDHURY [SINGAPORE] Peter Gill, IBM’s Asean vice-president for banking and financial markets, said that any approach to risk management must be comprehensive, covering all different risk domains, including internal fraud, payments fraud, an-ti-money laundering and IT security. Big Data gives
      442 words
    • Article
      Lock icon S’pore 2nd-most expensive Asia city for expatriates
      470 4  -  Mercer attributes high cost of living to strong currency, pricey rental market By KELLY TAY [SINGAPORE] The Republic has moved up two spots to become the fifth-most expensive city in the world for expatriates, and the sec-ond-most pricey location in Asia. The city-state’s
      470 words
    • Article, Illustration
      Lock icon CPIB assistant director charged with corruption
      826 4  -  Reports by GRACE LEONG [SINGAPORE] An assistant director at the Corrupt Practices Investigation Bureau (CPIB) was charged yesterday with 21 criminal counts in relation to his alleged misappropriating of more than $1.76 million in public funds and blowing part of the sum at the
      PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  826 words
    • Article
      Lock icon Shanmugam the Samaritan
      358 4 [SINGAPORE] Foreign Affairs and Law Minister K Shanmugam was late for an event yesterday to discuss a criminal breach of trust case involving a CPIB officer after he stopped to assist an accident victim. Mr Shanmugam was on his way to the Law Ministry after an early
      358 words
    • Article
      Lock icon New cyber security masterplan unveiled
      730 4  -  S’pore will also train more professionals, students in this area By AMIT ROY CHOUDHURY [SINGAPORE] As cyber attacks become more sophisticated, Singapore will work to enhance the security and resilience of the infocomm infrastructure and also promote infocomm security adoption among end-users and businesses. The
      730 words
    • Article
      Lock icon Free AirAsia flights for S’pore soccer teams under FAS deal
      809 4  -  By MALMINDERJIT SINGH [SINGAPORE] Football here received new wings yesterday when the Football Association of Singapore (FAS) sealed a deal with AirAsia that would see national soccer teams and officials fly free to any of the airline’s destinations. FAS inked
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      141 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 COMPANY NEWS, PAGE 5 SINGAPORE NEWS, PAGE 10 GREATER CHINA/INDIA, PAGE 14 ECONOMY WATCH, PAGE 15 B V LG A R I ft as *K j :.r^ :V>C^ W -3* L_ S T> r:' <%> TMi V <*'
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      149 3 www.vw. com. sg A deal like this only comes once every 40 years. V P7543 MOB Come down to Volkswagen Centre Singapore Alexandra to enjoy this amazing trade-in offer, as well as food and fun activities. The Passat from $159,800. y.«W’>T This weekend only, you’ll be able to trade up
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SPH Reit off to healthy start
      533 5  -  Counter rises 9.4 per cent in debut; one of most actively traded securities on the day By ONG CHOR HAO SPH Reit ended its trading debut on a high note, gaining 9.4 per cent from its initial public offering (IPO) price to close at
      PHOTO: CHOW PAK WENG/LIANHE ZAOBAO  -  533 words
    • Article
      Lock icon Cache posts Q2 DPU of 2.147 cents, up 8.4%
      393 5  -  By MINDY TAN CACHE Logistics Trust saw distribution per unit for the quarter ended June rising 8.4 per cent to 2.147 cents. Based on an annualised DPU of 8.612 cents and a closing price of $1.25 per unit as at June
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    • Article
      Lock icon FCOT’s Q3 DPU up 28.8% at 2.19 cents
      395 5  -  It posts distributable income of $14.4m, up 31.2% By MINDY TAN FRASERS Commercial Trust (FCOT) posted a 28.8 per cent jump in distribution per unit (DPU) to 2.19 cents for the third quarter ended June, from 1.70 cents a year ago. This
      395 words
    • Article
      Lock icon Australand’s H1 revenue falls 9% to A$391.5m
      400 8  -  Profit attributable to stapled security holders dips by 1%to A$88.4m By ANNABETH LEOW CAPITALAND subsidiary Australand has reported a 9 per cent fall in revenue for the first half of this year, due to a lower contribution from its residential division. Revenue stood
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    • Article, Illustration
      Lock icon Japan still faces structural issues, says UOB
      535 8  -  Improving economy may be the result of market ‘exuberance’ By LIVIA YAP WHILE the Japanese economy is off to a good start, it still has structural issues that have to be resolved, says United Overseas Bank (UOB). UOB said yesterday that it is
      535 words
    • Article
      Lock icon Cambridge Ind Trust’s Q2 DPU rises 5.1%
      331 8  -  By ONG CHOR HAO CAMBRIDGE Industrial Trust (CIT) has reported a distribution per unit (DPU) of 1.24 cents for the second quarter ended June 30, a 5.1 per cent improvement from a year ago. This works out to an annualised yield of 6.7
      331 words
    • Article
      Lock icon North Asian equities ‘more attractive’ than S-E Asian
      519 8  -  EU growth likely to pick up in 2014: Amundi Asset Mgt By CAI HAOXIANG NORTH Asian stock markets such as China, Korea and Taiwan are looking cheap compared to Southeast Asia, said Amundi Asset Management yesterday. But Asia excluding Japan on the
      519 words
    • Article
      Lock icon A healthy new start for Forterra
      714 8  -  HOCK LOCK SIEW By LEE MEIXIAN WITH a new name, a change in its biggest stakeholder and after the settlement of outstanding debts of its previous sponsor, Forterra Trust is poised to start on a new slate. On Monday, it announced that majority unitholders
      714 words
    • Article
      Lock icon MTQ reaps benefits of new unit for 38% Q1 jump
      312 8  -  By KENNETH LIM OILFIELD equipment contractor MTQ Corp continued to reap the benefits of its new offshore subsidiary to turn in a 38 per cent net profit increase for its fiscal first quarter. MTQ’s net earnings attributable to shareholders rose
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    • Article
      Lock icon OUE H-Trust debuts today
      359 9  -  Subscription rate for public tranche of stapled securities comes to 19.1 times By ONG CHOR HAO OUE Hospitality Trust (OUE H-Trust) will make its trading debut today, after receiving strong public interest for its initial public offering (IPO). Retail investors made 40,935 valid applications representing about
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    • Article
      Lock icon Tat Hong, Yongmao restructuring China alliance
      341 9  -  By KENNETH LIM CRANE operator Tat Hong Holdings and crane maker Yongmao Holdings are restructuring their alliance in China after numerous issues over the past few years, the companies announced yesterday. Tat Hong said it has agreed to allot shares in its wholly owned
      341 words
    • Article
      Lock icon KepLand to sell stake in Jakarta township
      337 9  -  By TEO SI JIA KEPPEL Land plans to offload its 51 per cent interest in integrated development Jakarta Garden City to its partner, PT Modernland Realty, for 2,294.4 billion rupiah (S$290.5 million). Its wholly-owned subsidiaries, Le-Vision and Castlehigh, will divest their respective 51
      337 words
    • Article
      Lock icon Remisier fined, banned for manipulating Cosco shares
      318 9  -  By KENNETH LIM A UOB Kay Hian remisier has been fined and banned from business after admitting to attempts at manipulating the market for Cosco Corp (S) shares in 2008, the Monetary Authority of Singapore (MAS) said in a statement. On March 25,
      318 words
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      305 5 f > s Inaugural An initiative brought to you by: 360 Productivity 1 st August 2 nd August Singapore 2013^ Regent Singapore, 1 Cuscaden Road, (S)*****5 PRISM m Capability Development Internationalisation of SMEs: Twin Engines of Sustainable Productivity Growth Guest of Honour: Dr Amy Khor Minister of State for Health
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks to the fore again
      615 6  -  ST Index posts a 21-point gain following a slight increase in Hong Kong bourse STOCKS R SIVANITHY Senior Correspondent PENNY activity has been a mainstay of the local market for many months, and so it was again yesterday as the Straits Times Index spent
      Source: Bloomberg  -  615 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Jul 24 VALUE CLOSE BT OB/OS 236.00 +122.00 BT CADI -*****.00 +91.00 BT 10-day MA -*****.00 +24.00 FTSE ST Mid Cap 774.84 +4.08 FTSE ST Small Cap 577.22 +2.12 FTSE ST All Share 801.53 +4.84 FTSE ST China Top 203.72 +2.08 FTSE ST China 232.60 +1.96 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Albedo 492,715,000 HanKore 317,976,000 Unionmet 219,751,000 Innopac 204,824,000 YHM 200,252,000 Albedo W*****9 165,658,000 SingHaiyi 124,515,000 SPHREIT 121,952,000 Mirach Energy 75,957,000 WE Hldgs 65,220,000 VALUE($) SPHREIT 120,199,700 SingTel 71,788,990 CapitaLand 62,764,200 Keppel Corp 60,103,677 Genting SP 57,108,700 DBS Grp 56,425,970 OCBC Bk 44,023,930 UOB 40,668,584 Yangzijiang 32,121,705
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 2 0 0 0 9 5 2 Manufacturing 60 37 41 8 12 9 68 49 50 Commerce 20 14 25 9 3 3 29 17 28 Tpt/Stor/Comms 22 14 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,426 29,426 83,675 83,675 Manufacturing 622,279 71,555 693,834 181,497 3,941 185,437 Commerce 241,754 587,998 829,752 114,810 20,730 135,540 Tpt/Stor/Comms 189,061 27,566 216,627 155,085 10,545 165,631 Finance 221,410 100 221,510 190,098 40 190,138 Construction 101,697 202,085
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    • BROKERS’ TAKE
      • Article
        Lock icon Forterra Trust
        273 6 July 24 close: S$2.13 SIAS Research, July 24 ON Monday evening, Forterra Trust announced the conditional contract by Nan Fung International Holdings to acquire 100 per cent of the equity in Forterra Real Estate (trustee manager) and 29.98 per cent in Forterra (business trust). Nan Fung is one
        273 words
      • Article
        Lock icon Singapore Exchange
        310 6 July 24 close: S$7.65 DBS Group Research, July 24 EXCLUDING the one-off impairment loss on AFS investment in Bombay Stock Exchange (S$15 million), underlying net profit was S$103 million in Q4 2013 and S$351 million for FY2013. Securities revenues were stable q-o-q driven by robust securities daily average
        310 words
      • Article
        Lock icon Sheng Siong Group
        402 6  -  Compiled by CAI HAOXIANG July 24 close: S$0.705 Maybank Kim Eng Research, July 24 H1 2013 revenue of S$339.2 million (10.6 per cent y-o-y) and core net profit of S$19 million (26.7 per cent y-o-y) come in-line with our and consensus expectations. An interim dividend of 1.2
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.995 +0.055 CapitaLand 3.210 +0.040 CapitaMall 2.050 -0.010 CityDev 10.73 +0.030 ComfortDelGro 1.950 -0.010 DBS Grp 16.78 +0.010 GLP 2.880 +0.030 Genting SP 1.390 +0.020 Golden Agri 0.560 +0.005 HK Land 6.750 +0.050 HPH Trust US$ 0.760 -0.005 JMH 58.11 +0.080
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    • Article, Illustration
      Lock icon Euro hits 1-month high on manufacturing data
      454 6 CURRENCIES Bloomberg [LONDON] The euro yesterday strengthened to a one-month high against the US dollar after an industry report showed that manufacturing in the 17-nation bloc unexpectedly expanded in July, bolstering demand for the region’s assets. The shared currency rose against 13 of
      Bloomberg; PHOTO: REUTERS  -  454 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP GLD 10US$ ***** 120.3 0.7 Jardine C&C 4295 111.0 2.7 DBXT MSKorea 10US$ 5524 41.8 0.6 OCBC Bk.ES.1307 1057 31.0 3.0 UOB.ES.1307 2198 26.0 1.2 UOB 2198 21.0 1.0 STXPO 100 154 19.0 14.1 Total Access 396 13.9 2.9 Lyxor Asia 10US$ 462 12.7 2.2
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    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 2279 -95.0 -3.2 IS S&P500 ***** -54.5 -0.3 DBXT MSINDO 10us$ 1500 -40.5 -2.1 DBXT FTChina25 10US$ 2678 -27.9 -0.8 DBXT iBoxxIDR 10US$ 1075 -27.9 -2.0 DBXT MSTHAI 10US$ 2150 -25.3 -0.9 SPDR DJIA 10US$ ***** -20.3 -0.1 Spore Land 906 -8.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      1868 7 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA OR JAPAN. This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities in the United States. This announcement is not for publication or
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      40 8 B0ATING View life from the captain’s chair... f y- m Inc m u H SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 www.bluincmedia.com Enquiry: queries@bluincmedia.com Subscribe at sub@bluincmedia.com www.asia-pacificboating.com
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      61 8 www.comexshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 5th 8th SEPT 2013 SINGAPORE EXPO HALLS 5 6 EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD FOOD
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      369 9 OUE OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0050E) REDEMPTION NOTICE TO BONDHOLDERS OVERSEAS UNION ENTERPRISE LIMITED (the “Company") S$300,000,000 Secured Fixed Rate Bonds Due 2013 (the “Bonds”) The Company refers to the redemption notice given by the Company dated 10 July 2013 ("First
      369 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon UN marks Nov 19 as World Toilet Day, thanks to Jack Sim
      531 10  -  On WTO founder’s urging, S’pore tables resolution adopted by UN General Assembly by consensus By KELLY TAY SINGAPORE has taken its penchant for hygiene and cleanliness to a whole new level. Yesterday, the city-state tabled its first-ever United
      FILE PHOTO  -  531 words
    • Article, Illustration
      Lock icon More tablets sold while sales of laptops decline
      944 10  -  Average unit price of tablet has fallen: GfK research By AMIT ROY CHOUDHURY ANECDOTAL evidence for some time now suggests that Singaporeans prefer lightweight tablets to heavier laptops for their mobile computing needs. Empirical data released yesterday by research house GfK, the
      Source: GfK  -  944 words
    • Article
      Lock icon Singapore LNG turns focus from project to business-oriented goals
      625 10  -  By RONNIE LIM WITH Singapore’s multi-bil-lion dollar liquefied natural gas terminal up and running, developer Singapore LNG’s top priority in the near-term is to turn its focus from project to busi-ness-oriented goals, its CEO, Neil McGregor says. SLNG’s other critical targets
      625 words
    • Article
      Lock icon Singapore still tops as a meeting point
      424 10  -  By NISHA RAMCHANDANI SINGAPORE has retained its titles as the top international meeting city and country in the 2012 Union of International Associations (UIA) Global Rankings. This makes it the second year in a row that the city-state has been ranked Top International
      424 words
    • Article
      Lock icon Donations of $1b to charities in 2012 highest in decade
      336 10  -  By JACQUELYN CHEOK TOTAL tax-deductible donations to charities exceeded $1 billion in 2012, the highest amount received in the last decade, the Commissioner of Charities (COC) revealed yesterday in its 2012 annual report. At the Budget Debate 2013, Deputy Prime
      336 words
    • Article
      Lock icon Singapore, Ghana ink four agreements to boost ties
      383 10  -  By MALMINDERJIT SINGH SINGAPORE and Ghana signed four agreements to forge closer business ties, just as International Enterprise (IE) Singapore formally opened its Accra office yesterday. The Accra Overseas Centre is IE Singapore’s second in Africa and its 38th global office. It
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      1092 11 Shaping the future through people There are now over 40,000 Keppelites in over 30 countries worldwide Infused with strong core values and the Can-Do! spirit, Keppelites are ready to chart the Group’s future Keppel Corporation’s CEO Mr Choo Chiau Beng has selected future leaders by combining the strengths of individual
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  • MALAYSIA
    • Article, Illustration
      Lock icon BN wins Terengganu by-election
      344 12 Its candidate bags Kuala Besut seat with a majority of 2,592 votes Bloom berg [KUALA LUMPUR] Prime Minister Najib Razak’s governing coalition won its first by-election since Malaysia’s national polls in May, preventing a fourth state assembly from falling into opposition hands. The vote was the
      Bloomberg  -  344 words
    • Article
      Lock icon Borrowing costs for Prasarana’s planned sukuk set to rise
      548 12 Bloomberg [KUALA LUMPUR] Borrowing costs for Malaysia’s Syarikat Prasarana Negara Bhd look set to rise for its planned sukuk as a government guarantee and a drought in new issuance fail to shield the company from a global increase in yields. The
      Bloomberg  -  548 words
    • Article
      Lock icon Malaysia Q2 consumer sentiment dips
      375 12 [PETALING JAYA] Malaysia’s consumer confidence index fell four points to 103 in the second quarter of this year, in line with the slowdown in fast-moving consumer goods (FMCG) during the period, according to the Nielsen global survey of consumer confidence and spending intentions, Malaysian daily
      375 words
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  • GOVERNANCE: GAME CHANGER
    • Article, Illustration
      Lock icon Funds and their role
      1495 13  -  Institutional investors have some say in a company’s decisions due to the voting rights they hold; so just where do their corporate governance responsibilities start and end? MICHELLE QUAH finds out MICHELLE QUA H INSTITUTIONAL investors form a large and significant portion of the global investing
      PHOTO: BLOOMBERG  -  1,495 words
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      203 13 This is the third in a four-part thought leadership series brought to you by CPA Australia, in conjunction with this year’s CPA Forum on governance and transparency that will be held on Aug 1, 2013. Next week, we will look at dealing with regulatory arbitrage in cross-border governance. CPA FORUM
      203 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China's economic pain could last until H2 2014
      781 14  -  Govt could unveil mild measures in the interim to shore up growth, say pundits By AYISHAH MA EJInsight CHINA faces an uphill economic struggle for at least another 12 months as the manufacturing sector goes through some pain amid structural reform, observers
      EJInsight; PHOTO: AFP  -  781 words
    • Article
      Lock icon GSK probe in China highlights uneven playing field
      771 14 AFP [SHANGHAI] Beijing’s targeting of British pharmaceutical giant GlaxoSmithKline (GSK) in a high profile bribery probe is a reminder of the risks that foreign companies face when seeking the huge rewards of China’s market, analysts have said. The authorities have detained four
      AFP  -  771 words
    • Article, Illustration
      Lock icon Critics dismiss official data on India’s poverty rate
      477 14 AFP [NEW DELHI] The percentage of Indians living below the poverty line has fallen to 22 per cent from 37 per cent in just seven years, according to official data released on Tuesday, but the figures were dismissed by critics as “deeply
      AFP; PHOTO: AFP  -  477 words
    • Article
      Lock icon India moves to tighten banks' access to cash
      322 14 Bloomberg [NEW DELHI] India moved to tighten banks’ access to cash a week after it increased two interest rates, stepping up efforts to support the rupee after the currency plunged to a record low earlier this month. The Reserve Bank of India
      Bloomberg  -  322 words
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      90 14 You’ve shared with us what gorgeous means to you, Now, it’s time to show us who’s gorgeous because our annual SO Gorgeous People is back. AND WE WANT TO HEAR FROM YOU Sign yourself up or nominate someone at femalemag.com.sg/gorgeouspeople2013. You can also snap and upload a picture of yourself
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Expectations on the rise for Sept tapering
      760 15 Fed’s monthly bond buying seen falling to US$65b from current US$85b pace Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke in September will trim t h e F e d s mon t hl y bond-buying to US$65 billion from the current pace of
      Bloomberg; PHOTO: AFP  -  760 words
    • Article, Illustration
      Lock icon Germany’s private sector grows for a 3rd month
      426 15 Re uters [BERLIN] Germany’s private sector expanded for a third consecutive month in July as the manufacturing sector returned to growth, a survey showed yesterday. The data suggests Europe’s largest economy is recovering after losing steam late last year and struggling in
      Reuters; PHOTO: REUTERS  -  426 words
    • Article
      Lock icon Obama to take another stab at promoting his economic agenda
      735 15 AP [WASHINGTON] President Barack Obama is making a renewed push to focus public attention on his economic programme aimed at expanding the middle class, helping people he says are still treading water years after the financial meltdown and providing a
      AP  -  735 words
    • Article
      Lock icon Tame Aussie inflation leaves rate cut on table
      527 15 CPI rises modest 0.4% in Q2 and is up 2.4% for year Reu ters [SYDNEY] Australian inflation was generally benign last quarter thanks to falling costs for petrol and holidays, leaving the door open for another cut in interest rates next month
      Reuters  -  527 words
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      38 15 HOT hot ofufwith FALL OUT BOV 6 August 2013 8PM Fort Canning Park Tune in to HOT FM91.3 or log on to www.hotfm.sg for more details! Lm. EMPIRE i v A. <■} I' t i D facebook.com/hotfmsg @hotfmsg www.hotfm.sj
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  • WORLD
    • Article
      Lock icon US commodity titans under fire over trading ops
      602 16 Rivals are also creeping in on their business of financing raw materials sector Reuters [NEW YORK] Just as Wall Street’s commodity titans face intensifying pressure over their trading operations, nimble rivals are stepping up efforts to chip away at their bedrock business
      Reuters  -  602 words
    • Article
      Lock icon Court fight over Detroit bankruptcy begins
      511 16 A flurry of lawsuits are claiming Chapter 9 filing violates state constitution Reuters [DETROIT] A showdown over the biggest municipal bankruptcy filing in US history was set to begin in a federal court yesterday morning as creditors challenge its legality. Attorneys for Kevyn Orr,
      Reuters  -  511 words
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      Lock icon Selling Detroit’s art could depress global market
      448 16 Bloomberg [NEW YORK] Art specialists on Tuesday reacted with concern at the prospect of masterpieces from the Detroit Institute of Arts (DIA), including works by Bellini, Rembrandt, van Gogh and Picasso, suddenly flooding the global market. That possibility looms in the wake of
      Bloomberg; PHOTO: BLOOMBERG  -  448 words
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      Lock icon Apple dogged by weaker margins, China sales drop
      850 17 iPhone’s popularity worldwide fails to ease worries about lower returns Reuters [SAN FRANCISCO] Investors have breathed more easily after Apple turned in a quarterly report card with a pleasant iPhone sales surprise. But the resultant share price rally may prove short-lived as
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    • Article
      Lock icon Greek shipowner Restis arrested on money laundering charges
      549 17 He is being probed over bad loans of up to 500m euros Reuters [ATHENS] Greek shipowner Victor Restis was arrested on charges of money laundering and embezzlement on Tuesday, becoming one of just a few prominent businessmen to be detained by police
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    • Article
      Lock icon BlackRock says executive turned down RBS offer
      261 17 Asia-Pacific head Mark McCombe rejected CEO’s post Reu ters [NEW YORK] BlackRock Inc said its head of Asia-Pa-cific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group plc (RBS) and will remain with the
      Reuters  -  261 words
    • Article
      Lock icon Deal drought increases pressure on PE firms
      839 17 Reuters [LONDON] Buyout firms have a record level of expiring funds this year, raising the prospect that many will have to ask investors for more time to do deals or not use the money at all. Advisory firm Triago says that US$145 billion
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      Lock icon Ford raises full-year forecasts as Q2 earnings beat estimates
      685 18 Positive outlook for Its automotive operating profit margin, cash flow Bloomberg [DEARBORN, Michigan] F or d M o t or ond-largest US automaker, th e sec ond-largest US automaker, earned more than estima t es an d ra i se d
      Bloomberg; PHOTO: AP  -  685 words
    • Article
      Lock icon Fukushima clean-up could cost 5 times more
      488 18 Steam seen again in reactor building; govt raps TEPCO AFP [TOKYO] The clean-up after the Fukushima nuclear disaster could cost five times more than estimated, figures have revealed, as Tokyo Electric Power Co (TEPCO) said yesterday that steam had been seen again in
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      Lock icon Wells Fargo deposes ICBC as largest bank
      407 18 AFP [SHANGHAI] The Industrial Commercial Bank of China (ICBC), a symbol of the country’s financial might, has been deposed as the world’s largest bank by market capitalisation by Wells Fargo, data showed yesterday. ICBC’s six-year reign as the world’s biggest bank began in
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      Lock icon Dell founder boosts offer to buy company
      503 18 AP [ROUND ROCK, Texas] Dell’s founder is boosting his offer for the struggling computer maker to US$13.75 per share in hopes of attracting more shareholder support for his plan to buy the company and take it private. The move came just hours before
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    • Article
      Lock icon US factory activity rebounds in July: Markit
      369 18 But rate of job creation still weak as firms cut costs Reuters [NEW YORK] Conditions in the US manufacturing sector improved in July as firms enjoyed a rebound in new orders, took on new workers and increased output at the fastest clip in
      Reuters  -  369 words
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      605 16 A special Feature brought to you by ST 3 ROPERTY.sg Investing in Malaysia Is Now The Right Time? What are the upcoming development plans in Iskandar Malaysia? Jt WRITTEN BY SHARMIELA SHAHALAM As more efforts are made to curb growth in the property sector in Singapore such as the recent
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      558 17 WATS NOTICES LOST SHARE CERTIFICATE The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Hong Fok Corporation Limited *****44 Ng Chee Yuen 1 x 7,500 -do-*****54 -do-1 x 6,000 NOTICE IS HEREBY GIVEN that if within fourteen
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      17 18 BEAUTY TIPS FOR INDIAN SKIN EATING TO WIN AT LITTLE INDIA FOOD FESTIVAL GET YOUR COPY TOMORROW
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      69 18 HOT PROPERTY -i rt fSK T S inT 0 K m B m r s Sp H a E do S u™ >f t ft Hurry! VTO IcImi r beautl ful MinstoNo V enaSq/M 0 RT eXPat '453™Pfe®,t N^ ENA 3+ E*Pafs choM^ 1 LOOKING FOR PROPERTIES WITH FULL FURNISHING?
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  • AVIATION/SHIPPING
    • Article
      Lock icon Test mishap forces Pratt to tweak new Airbus engine
      342 19 Reuters [PARIS] Pratt Whitney has redesigned a component of a jet engine being developed for Airbus’s top-selling A320neo aircraft after tests revealed “distress” in the engine’s hot core. The problem highlights the strict timetable and performance thresholds in one of the
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    • Article
      Lock icon Banks raise bar on loans to China shipyards
      657 19 Move comes as Beijing tries to cut overcapacity across a range of sectors Reuters [SHANGHAI] Banks have tightened lending to Chinese shipyards, putting more pressure on an industry that is already suffering from sluggish demand and a supply glut, as Beijing tries
      Reuters  -  657 words
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      Lock icon Havana airport to get US$10.2m upgrade
      327 19 AP [HAVANA] Cuba’s main international terminal is getting a US$10.2 million overhaul to improve operations at the overcrowded facility, according to state-run media. The Havana Reporter, an English-language semi-weekly newspaper that hit kiosks on Tuesday, said the Terminal 3 upgrade will include eight footbridges
      AP; PHOTO: AP  -  327 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 19 SGX '000 Jul 24 S$ +/-Vol CH Offshore 0.44 -0.01 41 Chuan Hup Hldg 0.26 unch 100 Cosco Corp 0.78 0.02 6022 S$ Ezra Hldgs 0.88 0.01 3228 First Ship Lea CH Offshore Freight Links -0.01 Grand Banks.............unch unch 0 Jaya Hold Ltd 0.26 K1Ventures 0.17 unch 590
      238 words
    • Article
      Lock icon Follow the rules or risk being booted off the plane
      448 19 NYT [NEW YORK] Last month, a group of high school students and their chaperons were ordered off a flight to Atlanta for refusing to sit down and turn off their cell phones. In May, six friends were removed from a
      NYT  -  448 words
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      Lock icon Easyjet sales up 11%, adds capacity in Europe
      356 19 Bloomberg [LONDON] Easyjet plc boosted sales almost 11 per cent to £1.14 billion (S$2.22 billion) in the three months through June as Europe’s second-largest discount carrier added capacity in the UK, Switzerland and Italy. Revenue per seat, reflecting average fares plus income
      Bloomberg; PHOTO: AFP  -  356 words
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      41 19 omy.sg WWW SOCigA Media Day m 1 SINGAPORE 2013 wauimnk'ft niiti #sgsmd2oig #cpfoodssg ■L CP CP 0 t: 0 Sit See more at http://project.omy.sg/sg-social-media-day Download omy Apps fm iOS Google Play iOS Google Play omy News s H S omy Showbiz
      41 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      364 19 CRYPTIC CROSSWORD Across 1 Dairy product from goat? (6) 4 Conservative moves to a higher plane in desperate situations (6) 8 Caesar possibly twitching, as he was with Cleopatra (8) 10 Stuff that slushy and fruity from British star down under? (6) 11 Protective covering is missing from a finch
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  • EDITORIAL & OPINION
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      Lock icon Abenomics must go beyond the short term
      502 20 EDITORIAL JAPANESE Prime Minister Shinzo Abe has had a remarkable degree of political power handed to him in the past six or seven months certainly, in part, through the intervention of providence. How he uses this power will critically affect the lives of
      502 words
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      Lock icon Europe banks dogged by low capital, poor business model
      837 20  -  THE BOTTOM LINE DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate WHAT is wrong with Europe’s banks? The short answer is that the sector is too large, has too little capital, and contains too
      Project Syndicate  -  837 words
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      Lock icon Asia needs to be deeply involved in Africa vision
      1069 20  -  Rest of Asia should follow Japan and China in benefiting from the continent’s emergence ANTHONY ROWLEY Tokyo Correspondent I MUST confess to never having visited Africa, but it seems to me that the news coming out of that continent nowadays is
      PHOTO: AFP  -  1,069 words
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      Lock icon Positive outlook for financial markets
      1186 21  -  With a firmer dollar, developed economies will keep outperforming emerging markets until they enter a trough cycle By RAYMOND CHAN The writer is CIO Asia Pacific of Allianz Global Investors THE global financial markets have been in consolidation since May. We believe this is a
      PHOTO: REUTERS; PHOTO: BLOOMBERG  -  1,186 words
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      Lock icon Asean still looks good to PE and VC firms
      930 21  -  Despite the fall in deal volume, there were several important developments in 2012 that should unlock more activity. By JOHANNE DESSARD, EE-PING KHOO, SUVIR VARMA Suvir Varma is a partner at Bain Company and leader of the firm’s Private Equity practice
      PHOTO: REUTERS  -  930 words
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  • Page 22 Advertisements
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      507 22 The Business Times Shipping times Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL NOU SUVA BUS APIA PAGO PAPEETE N’LOFA VILA SANTO TARAWA HANJIN TIANJIN 0043E 20 Jul 01
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      476 22 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 09/13 IN PORT 27/07 BELITUNG/PKL BALAM SRIJAYA8 09/13 26/07 28/07 JAMBI/PEKAN BARU FAJAR MAS 08/13 30/07 01/08 PALEMBANG/PANJANG SINOPA 12/13 26/07 28/07 BENGKULU/PADANG SIANIRI 10/13 IN PORT 27/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 29/07 31/07 SABANG/MALAHAYATI
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      448 22 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN ENDURANCE FF329 18/07 22/07 24/07 26/07 31/07 07/08 TAMERLANE FF333 12/08 16/08 19/08 21/08 26/08 03/09 TYSLA FF334 24/08 28/08 31/08 02/09
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3246 23 Transaction date: Jul 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 188 106 AIMSAMPIReit M Cap High Low Company 75 55 ASL Marine
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      Lock icon SGX CATALIST
      279 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.5 unch 1444 1.6 1.5 1.5 1.6 23.8 Last Quote Div Gr Yld Net M Cap High
      279 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10858 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller fos'” 1.9898/ EIV Local Ccy Bond 0.953/ European Opportunities! 1
      10,858 words
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      Lock icon GLOBALQUOTE
      258 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A47 +1.5 25 47 45.5 45 47 3.6 7.4 3.8 174 52 31 Genting HK US$ US43 +1 7279 43 41.5 42.5 43 2831.3
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      Lock icon SGX ETF
      900 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115 10 115 115 115 115.5 525 143 120.4 CIMB APAC Div 100S$D 127.7 137.4 138.3 114.4 99 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      625 25 Jul 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.64 *****.87 *****.68 Sep13 *****.00 *****.00 *****.00 *****.00 *****9 *****4 Dec13 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 290.20 291.40 288.90 Jul13 289.50 290.50 288.40 289.30 ***** *****4 Aug13 287.50 288.20 286.20 287.00
      625 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 23 Index Change Change Change Change Change Change World Preliminary 1092.1 0.0 16.4 0.3 17.7 0.0 13.6 EAFE Preliminary 890.8 0.1 15.0 0.4 12.9 0.1 9.0 Europe Preliminary 1251.8 -0.2 9.1
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Jul 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 5.656 0.696 7.149 54.653 94.551 0.921 10.262 2.937 1.159 92.782 39.912 1.167 8.914 0.862 27.579 28.536 0.599 0.922 Canada 1.053 5.955
      471 words
    • Article
      Lock icon SIBOR
      64 25 Jul 24 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      140 25 Jul 24 GOLD(US$/oz) Jul 24 Jul 23 Hong Kong 1352.60 1343.80 Jul 23 Jul 22 London 1334.06 1327.40 1334.99 1328.15 Source: Thomson Reuters CAST BAR Jul 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 55 5gm 349 273 10gm 624 546
      140 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 Jul 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****N 24-Jan-14 0.29 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.06 5-Year N*****0T 0.5 01-Apr-18 98.36
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    • Article
      Lock icon PALM OIL
      57 25 Jul 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2337.0 2310.0 2349.0 2308.0 292 2633 Sep 13 2270.0 2254.0 2283.0 2252.0 6282 ***** Oct 13 2240.0 2222.0 2255.0 2220.0 ***** ***** Nov 13 2230.0 2215.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1669 1.1677 0.9213 0.9218 Canadian dollar 1.2286 1.2294 0.9705 0.9700 Euro 1.6765 1.6770 1.3236 1.3238 NZ dollar 1.0064 1.0072 0.7946 0.7951 Sterling pound 1.9468 1.9477 1.5370 1.5375
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Jul 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.201 1.144 Can dollar 1.250 1.202 Euro 1.709 1.628 Sterling pound 1.979 1.903 NZ dollar 1.034 0.995 US dollar 1.289 1.228 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      160 25 Jul 24 Jul 24 $S Offer Bid 0vernight 0.07 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.55 0.35 9 months 0.65
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    • Article
      Lock icon CHICAGO BOT
      112 25 Jul 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1462.50 1520.25 1526.25 1460.00 Sep 13 1324.00 1348.75 1357.00 1322.50 Nov 13 1260.25 1288.50 1296.00 1259.00 Jan 14 1265.00 1292.50 1300.00 1263.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13
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    • Article
      Lock icon LIFFE
      95 25 Jul 23 COCOA (£/tonne) Close Prev High Low Sep 13 1598 1591 1607 1591 Dec 13 1589 1582 1599 1582 Mar 14 1574 1566 1583 1564 May 14 1574 1566 1583 1565 COFFEE(US$/tonne) Close Prev High Low Jul 13 1905 1918 1918 1918 Sep 13 1931 1944 1959 1912
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Jul 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.55 0.57 WTI (Near Mth) 107.26 0.64 Dubai (1-Mth F) 103.73 -0.52 Tapis blend 114.61 -0.48 Minas 108.01 -0.48 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.83 -0.89 Jet Kerosene 122.40 -1.33 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 25 Jul 24 Jul 24 s$ Bid Offer 1-month 1.2666 1.2668 2-months 1.2665 1.2668 3-months 1.2666 1.2669 6-months 1.2666 1.2671 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 25 Jul-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1800.25 1803.25 3 months 1845.50 1848.00 Copper, Grade A(US$/tonne) Cash 7023.00 7016.50 3 months 7039.00 7029.00 Lead(US$/tonne) Cash 2042.50 2041.75 3 months 2055.50 2053.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months *****.00
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1005 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd. W*****6 Prem Disc Expiry Gear- Mths Ascendas Reit MB ECW*****3 3.2 0.2 240 8 Asiatravel.com HoldingsW*****7 0.2 -0.2 1 1 25
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  • PROPERTY
    • Article
      Lock icon Malta developer planning IPO to fund Libya projects
      632 26 MIH sees potential in market, wants to stay ahead of competitors Bloomb erg [DUBAI] Mediterranean Investments Holding Plc, a Malta-based developer, is considering a 100 million euro (S$168 million) share sale in London to fund homebuilding in Libya while holding talks with
      Bloomberg  -  632 words
    • Article
      Lock icon Ireland’s home prices show first pick-up in 5 years
      442 26 AFP [DUBLIN] Residential property prices in Ireland have risen annually for the first time since a catastrophic crash five years ago sent the country spiralling towards financial disaster, official data showed on Tuesday. “In the year to June, residential property prices
      AFP  -  442 words
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      Lock icon Cyprus’ property prices see sharp falls in Q2
      449 26 Reuters [NICOSIA] Cypriot property prices recorded one of their steepest falls in years in the second quarter, a survey showed on Tuesday, as an austerity-driven recession sapped demand in the country’s once-buoyant property market. Market sentiment on the bailed-out Mediterranean island was
      Reuters; PHOTO: AP  -  449 words
    • Article
      Lock icon Househunt
      951 26 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 28 WITH CONTRACT DATES BETWEEN JUNE 26 AND JULY 2, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Echelon Apt 02/07/2013 99 1313 2278 1735 Echelon Apt 28/06/2013 99 732
      951 words
    • Article
      Lock icon Adjustable rate loans making a return
      1341 27 With fixed rates surging, US home buyers are giving the mortgages that helped trigger the US housing bust another look Bloomberg [BOSTON] JUNG Lim plans to offset the cost of rising mortgage rates by using an adjustable-rate loan to buy a home for his
      Bloomberg  -  1,341 words
    • Article, Illustration
      Lock icon Versace mansion up for auction Sept 17
      731 28 Minimum bid set at US$25m; half a dozen buyers have expressed interest AP [MIAMI BEACH, Florida] Snake-haired, golden Medusa heads still glint from the gates, the swimming pool and flower pots at 1116 Ocean Drive, vestiges of the glamour fashion designer Gianni Versace
      AP; PHOTOS: AP  -  731 words
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      Lock icon Osborne gives details of Help-to-Buy scheme
      646 29 But there are fears mortgage guarantee plan could fuel a housing price bubble Reuters [LONDON] British finance minister George Osborne gave details on Tuesday of a scheme to help riskier borrowers buy their first home, courting controversy at a time when Britain’s housing market
      Reuters  -  646 words
    • Article
      Lock icon CBA seeks exit from property management
      393 29 Bloomberg [SYDNEY] Commonwealth Bank of Australia (CBA) is seeking to exit its property management business by proposing that its three property funds, with a combined market capitalisation of US$8.5 billion, set up their own management teams. CFS Retail Property Trust and Commonwealth Property Office
      Bloomberg  -  393 words
    • Article
      Lock icon China bans new govt buildings for five years
      556 30 It is seeking to cut wasteful spending; don sees limited impact from move Bloomberg [SHANGHAI] China banned government departments, Communist Party agencies and state-owned companies from constructing new office buildings for five years as the country seeks to cut wasteful spending. The
      Bloomberg  -  556 words
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      Lock icon Tokyo Games Village to benefit developers
      946 30 Bloomberg [TOKYO] Tokyo, the front-runner city to host the 2020 Olympics, is planning its biggest housing complex in 42 years to lodge athletes, a move that could benefit developers such as Shimizu Corp and Mitsubishi Estate Co. The 95.4 billion yen (S$1.2 billion) Olympic
      Bloomberg; PHOTO: BLOOMBERG  -  946 words
  • Page 26 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      490 27 Zoned B1 Industrial Site in Bedok Sub-divisible to 3 Smaller Plots from 150,000 sqft Total Site Area: approx. 6 Hectares Accessible to Major Expressways via ECP PIE Land Tenure Balance: approx. 20 Years 5-min Drive to Bedok MRT Station Permissible Plot Ratio: 2.5 To Be Sold with Vacant Possession SALE
      490 words
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      Lock icon Page 27 Advertisements Column 2
      347 27 www.brlets.com I London leasing experts host lunchtime investor seminar, Friday 2nd August 2013 with private appointments available from 1st 4th August A Anita Mehra MD and VidhurMehra Director of Finance Seminar Topics: Investors Review: London rental market update Hotspots where tenants want to be Realistic rental returns how to reduce
      347 words
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  • Page 28 Advertisements
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      341 28 MONTIGO RESORTS *0 >V/ if*' ■IS A S| THE MULTI-AWARD WINNING RESORT INTRODUCES NEW STUDIO RESIDENCES. YOURS TO OWN FROM ONLY S$388,000 85 Studio Residences with lushly landscaped garden views and stunning sea views for selected units sizes from 1100 sq ft guaranteed 6% yield p.a. for the first three
      341 words
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      523 28 wThe Ritz-Carlton Residence-’ Ti ih Ritz-Carlton Residences* Singapore, Cairnhill 100 years of history. Countless rewards. Be pampered by the legendary Ritz-Carlton services and amenities. Premium three and four-bedroom Residences are now available for long-term lease. 2012 Dennis Chan Head of Sales 9126 1883 Admond Lim Sales Manager 9768 9988 info@haydenproperties.biz
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      89 29 Real value in a changing world FOR SALE BY TENDER Penthouse Nassim Mansion Luxurious prestigious address Generous layout, approx. 7115 sqft Freehold Extensively renovated, move in condition Panoramic view, overlooking lush greenery Minutes to Orchard I Medical centres I Malls I Int’l Schools I Clubs Tender Closing Date: 1st Aug
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      448 29 The VII COLLECTION Exhibition; 11:00am to 7:00pm Saturday 27th Sunday 28th July 2013 Regent Singapore Boardroom II III Level 3, 1 Cuscaden Road, Singapore *****5 [^TT r: m PN r m iEpr if lip mu.i Regent's Park 11 J Euston GLOUCESTER PLACE e Ba e o King's Cross St Pancras
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